Listen to archived shows on demand right now

Summer Spectacular Ticket Giveaway 2015

Latest News

Slow Recession Recovery Predicted

univestUnivest Economist Gary Wolfer says the economy has had six consecutive quarters of positive growth, but recovery is slow compared to previous recessions. “For example, the amount of unemployment that occurred during this last Great Recession is in excess of every postwar recession that we’ve had.  This is not your standard garden variety recession.  This really took a toll, specifically on workers in the construction industry.  Those jobs I don’t think are coming back.”

He says he’s projecting Gross Domestic Product growth of 3.5 percent or better this year, but it’s unlikely the unemployment rate will drop below 9 percent, and the long-term jobless will need re-training.  Certified Financial Planner George Toth of Chestnut Investment Advisory in Montgomery County says he agrees that long-term unemployment is a big part of the problem.

“When you have Unemployment Compensation out over two years, and you have more people retiring at 62 and more people going out on disability, I think the damage to the workforce because of this is significant.  I have no clue about the efficacy of re-training because that’s a function of desire and a function of demand.”

Economist Wolfer says the economy is shifting from recovery to expansion, but it will take time.

“In fact we’re nowhere near working it off now because we’re not in a job creation phase of that recovery.  I feel that right now there’s not enough credit out there.  Credit is just not being created.  It’s not a matter of interest rates.”

He says unemployment is still very high, and companies are not yet ready to start borrowing and hiring, so it could be another two years before the economy is back on track.  Financial Planner Toth says smaller companies, with anywhere from a few employees to a few hundred, need to see some sales down the road before they start borrowing and hiring.

“Their demands for credit are a function of demands for their products and services, so if there’s no demand for credit that’s not surprising because there’s no demand for the end products of those companies that are employing people.”

Toth says companies are hiring, but only a few people here and there.  He and Wolfer appeared Tuesday on a special edition of the WNPV talk program “Comment Please by Univest,” looking ahead at the economy in the New Year.
WNPV AM 1440 We're on a roll now! In my pile of tickets, I found something different! I have 4 tickets to the Cyclorama, Film and Museum Experience at Gettysburg for the first person to identify the President who said: THE ART OF WAR IS SIMPLE ENOUGH. FIND OUT WHERE YOUR ENEMY IS. GET AT HIM AS SOON AS YOU CAN. STRIKE HIM AS HARD AS YOU CAN, AND KEEP MOVING ON.
WNPV AM 1440 You all seem pretty well-versed on sayings of the Presidents so let's continue! For 2 tickets to the Pennsylvania Renaissance Faire, name the President who said: THE TEST OF OUR PROGRESS IS NOT WHETHER WE ADD MORE TO THE ABUNDANCE OF THOSE WHO HAVE MUCH IT IS WHETHER WE PROVIDE ENOUGH FOR THOSE WHO HAVE LITTLE.
WNPV AM 1440 Looking for something to do this weekend? Head to the Pennsylvania Renaissance Faire for the Scottish & Irish weekend!
Pennsylvania Renaissance Faire Immerse Yourself This Scottish & Irish Weekend! Scotch Egg Eating Contest - 2:00 - Gazebo by Public House Highland Games Demo - 1:00, 3:30 and 4:30 - Bosworth Field Taters for Tots - 3:00 - Discovery Garden Irish Step Dancing Demo - 1:30, 5:30 - Chessboard Men in Kilts Competition - 1:00, Chessboard
WNPV AM 1440 Another Presidential Quote for 4 tickets to the Grand Theater in East Greenville. Name the President who said: NINETY-NINE PERCENT OF FAILURES COME FROM PEOPLE WHO MAKE EXCUSES.
WNPV AM 1440 For 4 tickets to the Grand Theater in East Greenville, what President said: IT IS AMAZING WHAT YOU CAN ACCOMPLISH IF YOU DO NOT CARE WHO GETS THE CREDIT.
WNPV AM 1440 Continuing with Presidential Quotes. For 4 tickets to the Grand Theater in East Greenville, which President said: I PITY THE MAN WHO WANTS A COAT SO CHEAP THAT THE MAN OR WOMAN WHO PRODUCES THE CLOTH OR SHAPES IT INTO A GARMENT WILL STARVE IN THE PROCESS.

Get In Touch

Address: 1210 Snyder Road
Lansdale, PA 19446

Phone: (215) 855-8211

Phone: (215) 723-2116